seven Democratic senators sent an open letter to Attorney General Pam Bondi and the Department of Justice, demanding an explanation for President Trump's pardon of Binance co-founder CZ. The senators accused this pardon of sending a signal to the cryptocurrency industry that they can commit crimes with impunity, and questioned the financial relationship between Trump and Binance. The letter mentioned that Trump's family's decentralized financial platform World Liberty Financial has business dealings with Binance, and there are reports that Binance has paid large sums of money to Trump-related lobbyists. CZ has previously admitted to violating the US Bank Secrecy Act, and the senators are concerned that this pardon will weaken the federal law enforcement's ability to combat cryptocurrency crimes.
